FormPipe acquires Danisch ECM specialist Traen

Yep. Another acquisition. In the ECM (Enterprise Content Management) domain. It is believed that ECM includes e-invoicing too. This time it is FormPipe Software that hit the jackpot. It acquired all shares in the Danish software and service company Traen for approximately EUR 1 million. With the acquisition of Traen, FormPipe is taking a great stride forward to become the Nordic countries’ leading software company within ECM in the public sector.

About ECM specialist Traen

Traen is a Danish software and service company that focuses on clients in the public sector. The Company develops software within ECM (or “ESDH”, elektronisk sags- og dokumenthåndtering, following the Danish designation) and has a broad and stable client base consisting of approximately 80 clients. The company had 159 full-time employees and 30 full-time off-shore resources. Traen also has a Swedish operation with approximately fifteen employees based in Stockholm.

About the Danish public ECM market

Denmark is a leading country in digital documents in the public sector, something which provides us with expertise that we will be able to utilise in the entire group. The Danish market is also difficult to break into since it requires locally grounded products with specific functions. Traen’s product offering is of very high quality, adapted for precisely this market, and it also has long-standing and firm client relationships, with a high degree of recurring revenue”.

Comments

Christian Sundin, CEO of FormPipe Software:
“FormPipe Software has the strongest product line on the market, with a well-developed standard functionality for public administration in Sweden, which means that FormPipe Software is chosen as the supplier of ECM products in the majority of public Swedish transactions.”

“The Acquisition of Traen is an essential step in FormPipe Software’s strategy to grow and expand its geographical presence on the ECM market through acquisitions. Through the Acquisition, FormPipe Software will become the Nordic countries’ leading software company within ECM for the public sector.”


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